Pre-earnings options volume in Credo Technology Group is 2.5x normal with calls leading puts 19:5. Implied volatility suggests the market is anticipating a move near 13.2%, or $4.20, after results are released. Median move over the past eight quarters is 5.5%.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRDO:
- Credo Technology price target raised to $35 from $30 at Mizuho
- Credo Technology price target raised to $40 from $36 at Stifel
- Credo Technology Group Holding Ltd. (CRDO) Q1 Earnings Cheat Sheet
- Credo Technology appoints Laufman as Chief Legal Officer
- Credo to Present at Goldman Sachs Communacopia + Technology Conference